The global market for structured cabling solutions is set to enjoy strong growth over the coming years in response to increased demand for technologies to support applications such as cloud computing, Wi-Fi and the Internet of Things (IoT), as well as the increasing number of data centres.
This is according to a forecast from P&S Market Research, which estimated the sector is set to see a compound annual growth rate of 5.8 per cent between 2016 and 2022. The report noted that many key providers in this market will be developing new products in order to meet the escalating demand for structured cabling.
It noted that fibre-based products are expected to grow at a higher rate than copper alternatives, while Cat5e cables are now in the declining stage of their life cycle, with declining sales in key markets such as Europe and North America as buyers turn towards faster tools such as Cat7.
P&S Market Research explained that structured cabling solutions help simplify network management, as they can be deployed and maintained by a minimal number of staff.
The standardisation of connectors, copper and fibre cabling helps simplify the planning and implementation of IT networks compared to the use of alternatives such as patch cords.
"In the current scenario, when every growing organisation wants a hassle-free IT infrastructure, the demand for structured cabling has been increasing," the company stated. "It saves cost as well as time of business organisations such as data centres."
The report highlights several key driving forces behind the growth demand for these cabling solutions. For instance, it named the IoT as a key factor, as these developments are highly dependent on real-time data, which in turn requires robust IT infrastructure to ensure this data is able to be delivered swiftly and reliably.
"The emergence of smart cities has been driving the IoT market, which is consequently propelling the structured cabling market," it continued. "As the global IoT market is expected to reach a value of $11 trillion (£8.86 trillion) by 2025, it carries a growth opportunity for the structured cabling market as well."
Structured cabling is also expected to continue to be used widely as the backbone of Wi-Fi services. In the next five to six years, these solutions are expected to account for more than 60 per cent of the global mobile data traffic. Opportunities for the structured cabling market in this area are expected to be particularly strong in developing countries, where usage of Wi-Fi is also expected to shoot up during the coming years.